HOLON, Israel, July 26, 2016 /PRNewswire/ --
The integration of the Sapiens
ALIS software suite with Life.io's digital
transformation solution for life insurance
enables carriers to offer a personalized
and digital customer experience to
policyholders
Sapiens International Corporation (NASDAQ and TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, with a growing presence in the financial services sector,
announced today that it has entered into an agreement to partner
with Life.io, provider of a digital transformation platform that
monitors and analyzes policyholder behavior and encourages a
healthier lifestyle via incentives. The platform provides carriers
with innovative solutions for reimagined policyholder relations and
consumer insights.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
Life.io's platform is integrated with the Sapiens ALIS software
suite - a core policy administration solution that supports the
complete policy lifecycle across a wide variety of products in the
life, pension, annuity and medical industries - to equip life
insurers with an in-depth and personal view of their customers and
enable rapid launch of the most suitable products to the right
customer at the right time.
The intuitive and incentive-rich Life.io policyholder platform
produces a wealth of data that enables life carriers to better
understand their client base. Additionally, Life.io syncs with
different wearables and health applications to simplify the
engagement process. With greater insight into policyholders and
their lifestyles, carriers can offer superior customer service and
products, while encouraging healthier policyholder behaviors. The
benefits include reduced costs, improved customer loyalty and
retention, and greater efficiency.
The flexible and highly configurable SaaS platform offered by
Life.io will extend Sapiens' data analytics capabilities and offers
a personalized customer engagement model, particularly for
Millennials (members of Generation Y), who expect a higher level of
service and connectedness than previous generations.
"We are pleased to partner with Sapiens to offer insurers the
combination of Sapiens ALIS, a modern core policy administration
solution, with Life.io's innovative customer engagement
capabilities - delivering on our objective of policyholders getting
healthier and insurers getting smarter," said Jon Cooper, founder and CEO, Life.io.
"During my frequent conversations with life and annuity
providers, they often mention the need to foster improved customer
communication and engagement, to better retain customers and
provide new cross-sell opportunities," said Mike McCurley, Sapiens executive vice president,
North America. "The combined
capabilities of Sapiens ALIS and Life.io, along with the rest of
Sapiens' digital suite, will enable life carriers to offer their
customers a digital, end-to-end experience."
"This partnership signals the next step in Sapiens' digital
evolution," said Roni Al-Dor,
Sapiens president and CEO. "Policyholders' expectations of insurers
are changing quickly. We will continue to strive to stay a step
ahead of industry and consumer trends by offering our customers an
innovative and complete digital suite that will keep pace with new
challenges and help transform the manner in which they do
business."
About Life.io
Founded in 2012, Life.io has become the leader in the digital
consumer engagement space. Life.io has revolutionized how insurers
engage with their employees, clients and customers by creating a
fun and rewarding environment where they actively interact with
their carriers to achieve physical, mental, and financial goals.
The act of constant engagement allows Life.io to capture insights
and life change events, create brand champions, decrease policy
risk, and streamline the underwriting process. Learn more
at http://www.life.io.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a
leading global provider of software solutions for the insurance
industry, with a growing presence in the financial services sector.
Sapiens offers core, end-to-end solutions to the global general
insurance, property and casualty, life, pension and annuities,
reinsurance and retirement markets, as well as business decision
management software. The company has a track record of over 30
years in delivering superior software solutions to more than 200
financial services organizations. The Sapiens team of over 1,700
professionals operates through our fully-owned subsidiaries in
North America, the United Kingdom, EMEA and Asia Pacific. For more information:
http://www.sapiens.com.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com